Friday preview: Analysts bet on annual revenue fall for bwin.party

Gaming website bwin.party Digital Entertainment is expected to report a drop in annual revenues and profits Friday.

Gaming website bwin.party Digital Entertainment is expected to report a drop in annual revenues and profits Friday.

Analysts at Investec predict 2012 revenues to fall to €803m from €816m a year earlier and profit before tax to decline to €113m from €174m.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are pegged to drop 18% to €163.1m, implying a 20.3% margin.

Investec said the outlook was mired by the possibility Germany could outlaw online gambling.

"While the group is highlighting the 'positive developments' around German regulation (securing a Schleswig-Holstein casino/poker licence in December 2012), there is a possibility that the German Land (since a change of government) could secure European Commission approval to join the German-wide Treaty (as accepted by all other 15 Lnder) that effectively outlaws online gaming (placing, we estimate, up to €100m of revenue under threat)," the broker said.

"There is no certainty around this, but the Land is keen to revoke the law enacted under a previous regime."

Investec issued the company's stock a 'hold' rating and a target price of 100p.

Friday March 15

INTERIMS

Wetherspoon (J.D.)

QUARTERLY PAYMENT DATE

Barclays, Canaccord Financial Inc., Canadian General Investments Ltd., Carnival, Energy XXI (Bermuda) (Di)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (12:30)

Consumer Price Index (EU) (10:00)

Harmonised Index of Consumer Prices (EU) (10:00)

Industrial Production (US) (16:15)

Wholesale Price Index (GER) (07:00)

GMS

Coburg Group

FINALS

Bwin.party Digital Entertainment, Synthomer

ANNUAL REPORT

Jupiter Fund Management , Man Group, Management Consulting Group

AGMS

Banco Bilbao Vizcaya Argentaria SA, Ecofin Water & Power Opportunities, Henderson Diversified Income Ltd., KT Corp. ADR, LG Chem Ltd GDS (Reg S), Samsung Electronics Co Ltd (ATT) GDR (Reg S)

UK ECONOMIC ANNOUNCEMENTS

Balance of trade (09:30)

Current Account (09:30)

FINAL DIVIDEND PAYMENT DATE

Avon Rubber, Zytronic

RD

Recommended

Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021